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No LA Rent Control @ $291K PPU & 12.61 GRM 922 N Hudson Ave 12 Unit Apartment Building $4,885,720 CAD ($407,143 CAD/Unit) 5% Cap Rate Los Angeles, CA 90038



INVESTMENT HIGHLIGHTS
- 922 N. Hudson Ave. is a 12-unit “newer construction” asset located blocks from Hancock Park, Melrose Ave, and the ever-popular Larchmont Village.
- The property is a short walk to Sunset Las Palmas Studios (0.4 miles), Paramount Studios (0.9 miles), and Sunset Gower Studios (1 mile).
- Property amenities include secured access, a rear seating area, on-site laundry, and an on-grade parking garage with 12 side-by-side spaces.
- Built in 1985, the property is exempt from Los Angeles rent control, allowing for annual rent increases of 5% plus CPI (buyer to verify).
- The building features bright, spacious units that average approx. 750 SF, with title showing a total building size of 9,038 SF.
- Ownership also benefits from reimbursement for water and trash.
EXECUTIVE SUMMARY
Nestled in the heart of Hollywood, 922 N. Hudson Ave. presents an opportunity to acquire a 12-unit “newer construction” asset located blocks from Hancock Park, Melrose Ave, and the ever-popular Larchmont Village. Built in 1985, the property is exempt from Los Angeles rent control, allowing for annual rent increases of 5% plus CPI (currently 8.8%—buyer to verify). This regulatory advantage provides flexibility and long-term upside. Located 2 blocks north of Melrose, 922 N. Hudson sits on a quiet residential block surrounded by a mix of charming historic homes and newer multifamily developments. The property is a short walk to Sunset Las Palmas Studios (0.4 miles), Paramount Studios (0.9 miles), Sunset Gower Studios (1 mile), and numerous employment hubs that draw steady demand from entertainment professionals. Major retail, dining, and nightlife destinations in Hollywood (1.3 miles), Larchmont Village (1.3 miles), and K-Town are all nearby. The building features bright, spacious units that average approx. 750 SF, with title showing a total building size of 9,038 SF. The layout, natural light, and interior finishes make the units highly attractive to renters seeking value in a prime Hollywood location. Property amenities include secured, gated access, a landscaped rear seating area, on-site laundry facilities, and an on-grade parking garage with 12 side-by-side spaces. Ownership also benefits from reimbursement for water and trash. 922 N. Hudson offers the rare combination of location, stability and regulatory flexibility; all in one of LA's most dynamic rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $4,885,720 CAD | Building Class | C |
| Price Per Unit | $407,143 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 9,038 SF |
| Cap Rate | 5% | Average Occupancy | 75% |
| Gross Rent Multiplier | 12.61 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price | $4,885,720 CAD |
| Price Per Unit | $407,143 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.61 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,038 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Controlled Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 2 | $2,951 CAD | - |
| 1+1 | 6 | $2,723 CAD | - |
| Studios | 4 | $2,060 CAD | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 5533-022-020 | Total Assessment | $3,865,827 CAD (2025) |
| Land Assessment | $2,857,353 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,008,474 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5533-022-020
Land Assessment
$2,857,353 CAD (2025)
Improvements Assessment
$1,008,474 CAD (2025)
Total Assessment
$3,865,827 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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No LA Rent Control @ $291K PPU & 12.61 GRM | 922 N Hudson Ave
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